This property looks like a bad Mid-Term investment with a projected -8.99% first-year return on $106k initial cash invested.
-8.99%
Cash On Cash
4.49%
Cap Rate
0.7
DSCR
$3,020
Rent
-$795
Cashflow
Cash Flow
$3,020 income − $3,815 expenses = $795 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,880
Closing costs
1%
$4,194
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,020
Total Expenses
$3,815
Mortgage P&I
74%
$2,243
Property Taxes
13%
$387
Home Insurance
5%
$150
HOA
0%
$8
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332